5505 40th Ave NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: low-rise apartment building, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 5,391 reachable multifamily buildings in Seattle. Larger than 45% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size
8,268 SF, King County Assessor
Lot size
7,124 SF, King County Assessor
Year built
1962, King County Assessor
Stories
2, King County Assessor
Predominant use
Apartment Bldg 8 Units, King County Assessor
Units
8, King County Assessor
Assessed value
$1,853,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF
$224.12/SF, derived from assessor records
Lot coverage
116%, derived from assessor records
Vintage
1960s vintage
Zoning
LR2 (M), King County
County use code
Apartment
Parking (observed)
street only, AI estimate from public imagery
Frontage (observed)
mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $1,895,039 (estimated market value), with a likely range of $1,682,202 to $2,161,712 (half of recent verified sales in this segment landed inside that range). Based on 667 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $237K per unit at the midpoint (8 units).

Current ownership dates to 1990 (about 36 years) per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$679K$1.36M$2.04M$2.72M201120142017202020232026County appraised valueEstimated value (modeled range)

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $830,000 (2011) to $1,853,000 (2026), up 123% over 15 years, per county tax rolls. The 2026 roll splits $1,853,000 into $1,709,700 land and $143,300 improvements.

Taxes